1565 70th Street, Brooklyn, NY 11228
Kings County
Key Facts
Description
Excellent investment opportunity! This well-maintained 6-family property underwent a complete gut renovation in 2011 and has been meticulously maintained ever since. The extensive renovation included structural steel beam reinforcement, all new plumbing and sewer lines, a fully updated electrical system, separate heating and hot water systems for each unit, all new windows, a new metal staircase, and complete reconfiguration of the apartments with new kitchens, bathrooms, and flooring throughout. The property consists of six residential units, including two spacious 3-bedroom, 1-living room apartments and four 3-bedroom apartments with large eat-in kitchens, plus a basement currently rented as storage for additional income that can be delivered vacant at closing. Current rental income totals $13,626 per month ($163,512 annually), including basement income. Annual operating expenses are approximately $32,093, consisting of property taxes of $20,973, water and sewer charges of $5,400, insurance of $5,000, and electric of approximately $720, resulting in a strong Net Operating Income (NOI) of approximately $131,419 per year. With stable cash flow, separate utilities, low maintenance requirements, and significant long-term upside potential, this property presents an outstanding opportunity for investors seeking a turnkey income-producing asset.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Year Built
1926
Living Area
4,680 sq ft
Lot Size
0.05 acres
Lot Dimensions
100 x 20
Zoning
R5
Days on Market
24
MLS® Listing#
502527
Property Features
Appliances
Heating
Flooring
Basement
Parking
Construction
Roof
Financial Details
Annual Taxes
$20,768
Affordability Calculator
$397,600
Estimated monthly payment
$10,581/mo
Principal $1,590,400 · Est. interest $2,218,750 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Brooklyn, NY
- $991,912
- Median Listing Price
- 83
- Median Days on Market
- 1,640
- Median Sq Ft
- $567
- Median Price / Sq Ft
- 2,891
- Active Listings
- This home’s price is 100% above the area median.
- Its price per sq ft is 25% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Brooklyn, NY.
Location
Points of Interest in Brooklyn, NY
Showing the Brooklyn area map.
Nearby Schools
Emunas Bais Yaakov High School
Secondary · 0.1 mi away
PS 112 Lefferts Park
Elementary · 0.1 mi away
I S 227
Secondary · 0.2 mi away
J. H. S. 227 Edward B. Shallow
Secondary · 0.2 mi away
Tiferes Miriam
School · 0.3 mi away
Yaldeinu School
School · 0.3 mi away
Yeshiva Ohel Torah
School · 0.4 mi away
Mosdos Bobov - 45
School · 0.4 mi away
Bais Sarah- Educ School for Girls
School · 0.4 mi away
World of Wonders Early Childcare Center
School · 0.4 mi away
Yeshiva Darkei Chaim Dba Yeshiva Beit Chaim Yoshua
School · 0.5 mi away
P. S 176 the Ovington School
Elementary · 0.5 mi away
Yeshivas Novominsk
School · 0.5 mi away
New Utrecht High School
Secondary · 0.5 mi away
Ahrc Middle High School
Secondary · 0.6 mi away
P. S. 048 Mapleton
Elementary · 0.6 mi away
Yeshiva Imrei Yosef Spinka
School · 0.6 mi away
PS 204
Elementary · 0.6 mi away
PS 186
Elementary · 0.6 mi away
Is 187
Secondary · 0.6 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 735 Knickerbocker Avenue, Brooklyn, NY | $1,495,000 | 18 | 7 | 6,864 |
| 448 40th Street, Brooklyn, NY | $1,650,000 | 18 | — | 7,854 |
| 355 58th Street, Brooklyn, NY | $1,850,000 | 24 | — | 6,916 |
| 448 East 26th Street, Brooklyn, NY | $1,999,999 | 27 | — | 10,000 |
| 5622 4th Avenue, Brooklyn, NY | $2,500,000 | 23 | — | 8,492 |
Moving Cost Estimate
EXIT Agents in Brooklyn
Listing Courtesy: Tiger Realty - 9177089966
Fair Housing NoticeLast Updated: 2026-06-23